Trump suspended sanctions against Russia to "analyze" their impact on the world economy, says Rubio
The United States' chief diplomat, Marco Rubio, said on Saturday that President Donald Trump's decision to exempt Russia from new sanctions consists of a 60-day suspension to "analyze" their repercussions on the world economy.
"The President wants to take this 60-day period to analyze in a certain way what it will mean to impose both sanctions and tariffs on the world economy, and even on the US economy," the Secretary of State declared before beginning a visit to Uzbekistan and India.
Rubio added that various conflicts were affecting energy prices globally, including the United States' war against Iran and the attacks on Saudi Arabia by the Houthis of Yemen.
"These conflicts around the world are beginning to clash with each other and are having an impact not only on global oil and diesel prices but also on economies," he stated.
US lawmakers from both parties criticized Trump after he signed an executive order on Friday exempting Russia from the sanctions and tariffs imposed by Congress in September.
The measures affected Russian officials, oligarchs, and financial institutions, and gave the President the power to sanction the main buyers of Russian oil and gas.
The idea was to cut off the sources of funding for supporters of Russian President Vladimir Putin, as well as for his war against Ukraine.
But late Friday, two days before the law took effect, Trump exempted Russia from those economic restrictions.
The Ukrainian President, Volodymyr Zelenskyy, stated that the suspension of sanctions "encourages" Putin to continue his attacks against Kyiv and offers him "financial rewards."
Trump's order came after an agreement between Washington and Moscow that allows the United States to import Russian diesel.
The impact of the rise in diesel prices due to the Middle East war is hitting the US economy.
Concern about the cost of living is at the forefront for voters ahead of the mid-term elections in November, where Republicans could lose control of Congress.
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